Markets & Economy

Housing starts skyrocket in April

Single-family starts up 16.7 percent

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Housing starts soared from March to April, and remained well above year-ago levels.

Privately owned housing starts, which include single-family and multifamily residential construction, jumped 20.2 percent in April to a seasonally adjusted annual rate of 1.135 million from a revised March estimate of 944,000, according to a monthly reported released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

Compared to a year ago, privately owned housing starts were up 9.2 percent in April, the report said.

Single-family housing starts leaped 16.7 percent in April to a seasonally adjusted annual rate of 733,000 from a revised March estimate of 628,000.

Single-family housing starts in April were up 14.7 percent from a year ago.

Read the full press report here.

3 essential tools that will 10X your real estate marketing
Smart landing pages, a synchronized database and automation generate results READ MORE

Email Teke Wiggin.